The RealReal, Inc. (NASDAQ:REAL) Insider Luke Thomas Friang Sells 18,503 Shares

The RealReal, Inc. (NASDAQ:REAL) insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $127,670.70. Following the transaction, the insider now owns 556,557 shares in the company, valued at approximately $3,840,243.30. This trade represents a 3.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

RealReal Stock Performance

Shares of NASDAQ REAL opened at $6.87 on Tuesday. The stock has a market capitalization of $753.58 million, a P/E ratio of -5.33 and a beta of 2.83. The stock’s fifty day moving average is $9.03 and its 200 day moving average is $5.63. The RealReal, Inc. has a 52 week low of $1.52 and a 52 week high of $11.38.

RealReal (NASDAQ:REAL) last released its earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The business had revenue of $164.00 million for the quarter, compared to analysts’ expectations of $162.69 million. Equities research analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $4.00 to $15.00 in a report on Monday, December 9th. UBS Group upped their price target on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Northland Securities lifted their price objective on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, RealReal presently has an average rating of “Moderate Buy” and an average price target of $7.38.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP boosted its holdings in shares of RealReal by 120.1% in the 4th quarter. Quarry LP now owns 2,875 shares of the company’s stock valued at $31,000 after purchasing an additional 1,569 shares in the last quarter. R Squared Ltd bought a new stake in shares of RealReal during the 4th quarter worth $49,000. Harvest Fund Management Co. Ltd acquired a new stake in RealReal in the fourth quarter valued at about $94,000. Jag Capital Management LLC bought a new position in RealReal in the fourth quarter valued at about $126,000. Finally, PharVision Advisers LLC acquired a new position in RealReal during the fourth quarter worth about $133,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

About RealReal

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.